https://www.taxtmi.com/caselaws?id=364175 The Court set aside the order denying waiver or reduction of interest under Section 234B of the Income Tax Act, instructing the Chief Commissioner of Income Tax to reconsider the matter. The petitioner's situation fell under the category in a notification allowing for waiver or reduction in cases of unavoidable circumstances, such as the delay caused by a BIFR order. The Chief Commissioner was directed to review the case and make a decision on interest waiver within three months, leading to the disposal of the writ petition. en-us Tue, 13 Mar 2018 00:00:00 +0530 Mon, 23 Jul 2018 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364175 The Court set aside the order denying waiver or reduction of interest under Section 234B of the Income Tax Act, instructing the Chief Commissioner of Income Tax to reconsider the matter. The petitioner's situation fell under the category in a notification allowing for waiver or reduction in cases of unavoidable circumstances, such as the delay caused by a BIFR order. The Chief Commissioner was directed to review the case and make a decision on interest waiver within three months, leading to the disposal of the writ petition. Case-Laws Income Tax Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364175